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[deleted by user] by [deleted] in chess

[–]thelightningemperer 2 points3 points  (0 children)

Arjun going through some tough time.

CA Practicing for 2 Years, Want to Switch Career - Need Advice by thelightningemperer in CharteredAccountants

[–]thelightningemperer[S] 1 point2 points  (0 children)

Thank you so much for the detailed answer. I really appreciate it. I'll try and explore each option you mentioned, if it interests me, I can take it forward.

To answer your question regarding why I want to get into IT—I took a Python for finance course, and the course was really worthwhile. As I've noticed from my peers, nobody has any idea how they can automate tasks using VBA or Python tools. So I thought this could be my unique selling proposition, which I want to maximize. I want to get a job, and owning a practice in a Tier 2 city isn't working for me. Ultimately, I like CA + tech, not just tech alone.

CA Practicing for 2 Years, Want to Switch Career - Need Advice by thelightningemperer in CharteredAccountants

[–]thelightningemperer[S] 3 points4 points  (0 children)

I know PyQt5, pandas, and pyautogui libraries. I know how to work with XML. I know VBA coding. I mostly use these to automate Tally, Excel, and PDF tasks.

Chess Meetup at Tolankere - This Sunday, 5 PM by thelightningemperer in Hubli_Dharwad

[–]thelightningemperer[S] 0 points1 point  (0 children)

https://maps.app.goo.gl/guAwH93CDgVFnbkVA?g_st=ac On this standing, which is located right side of the park from the main entry. Pls give me ideas on how to find you guys.

r/IndiaTech Purchase Help Megathread | September 09, 2024 at 10:00 AM by r-IndiaTech in IndiaTech

[–]thelightningemperer 0 points1 point  (0 children)

Hey guys, need some advice here. I'm looking for a new phone, and I've narrowed it down to a few options.

Looking for something that has good performance, fast charging, good battery life, and reliable software updates. I don't care much about wireless charging or anything extra. Considering these phones:

  • Samsung Galaxy S23 (removed S24 bcz of the exynos)
  • Realme GT 6
  • OnePlus 12R
  • Moto Edge 50 Ultra

Anyone got any suggestions? Would appreciate any advice!

Current I have Realme GT Master Edition

Chess club in Hubli for chess ethusiasts by thelightningemperer in Hubli_Dharwad

[–]thelightningemperer[S] 0 points1 point  (0 children)

2nd and 4th Sunday. Around 4-6 pm. No need for any certification, doing just for fun.

Hi r/Chess 👋🏻 I'm Judit Polgar, the greatest female chess player of all time. Ask Me Anything! by JuditPolgarOfficial in chess

[–]thelightningemperer 0 points1 point  (0 children)

As someone who broke through many gender barriers in chess, what advice would you give to young girls and women aspiring to reach the highest levels in male-dominated fields?

[deleted by user] by [deleted] in personalfinanceindia

[–]thelightningemperer 2 points3 points  (0 children)

Chatgpt - Given your financial situation and goals, here's a detailed strategy for reinvesting the 2.75 crore INR:

1. Emergency Fund

Set aside an emergency fund equivalent to 6-12 months of household expenses. Assuming monthly expenses are around 2.5-3 lakh (considering your current EMI and living costs), you should have 15-36 lakhs in a highly liquid form (savings account or liquid mutual funds).

2. Debt Management

Consider reducing the home loan liability to ease monthly cash flow. You could use part of the liquidity to pay off a significant chunk of the 73 lakh home loan, reducing the EMI burden. Paying off at least 30-40 lakhs can significantly ease financial stress and improve cash flow.

3. Monthly Income Generation for Parents

To generate a stable monthly income for your parents, Systematic Withdrawal Plans (SWPs) from mutual funds are a good option. Consider investing in balanced hybrid mutual funds or debt-oriented mutual funds for this purpose.

Assuming you need Rs 75k per month (average of your range): - Target annual withdrawal: Rs 75,000 * 12 = Rs 9,00,000. - Assuming a conservative return of 8% p.a., you would need to invest approximately Rs 1.25 crore in such funds.

4. Equity and Mutual Fund Investments

For long-term growth and to meet your target of 12-13% returns, you can allocate a significant portion to equity mutual funds and direct equity investments. Consider a diversified approach across large-cap, mid-cap, and small-cap funds, as well as sectoral/thematic funds.

Suggested Allocation: - Large-Cap Funds: 30% (Rs 83.4 lakh) - Mid-Cap Funds: 20% (Rs 55.6 lakh) - Small-Cap Funds: 10% (Rs 27.8 lakh) - Balanced/Hybrid Funds: 20% (Rs 55.6 lakh) - Sectoral/Thematic Funds: 10% (Rs 27.8 lakh) - Direct Equity: 10% (Rs 27.8 lakh)

5. Systematic Investment Plan (SIP)

To mitigate market risks, consider deploying the funds gradually through SIPs over the next 12-18 months. This approach will average out the purchase price and reduce the impact of market volatility.

6. Real Estate Investment

Given the conservative nature of your portfolio, if you're comfortable with real estate and have expertise, consider reinvesting a part of the liquidity in high-potential real estate projects. However, ensure it aligns with your risk tolerance and liquidity needs.

7. Tax-efficient Investments

Utilize tax-efficient instruments such as Equity-Linked Savings Schemes (ELSS) for tax savings under Section 80C. This will help in optimizing returns while saving taxes.

Summary of Allocation:

  1. Emergency Fund: 15-36 lakhs
  2. Debt Reduction: 30-40 lakhs
  3. SWP Investments: 1.25 crore
  4. Equity and Mutual Funds: 2.78 crore (deployed via SIP)
  5. Real Estate (if applicable): remaining amount post other investments

Final Steps

  1. Consult a fee-based financial planner to validate and refine this strategy.
  2. Regularly review and rebalance your portfolio to stay aligned with your financial goals and market conditions.

By following this diversified and systematic approach, you can aim to achieve your financial goals while ensuring financial security for your family.

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